TORONTO, Sept. 14,
2022 /CNW/ - Dye & Durham Limited (TSX: DND)
("Dye & Durham" or the "Company"), a leading provider of
cloud-based, efficient workflow software for legal and business
professionals, announced today that it has received written
confirmation from Australia's
Foreign Investment Review Board ("FIRB") that the Commonwealth
Government has no objection to the Company's proposed acquisition
of Link Administration Holdings Limited (ASX: LNK) ("Link Group").
The FIRB condition contained in the proposed acquisition's scheme
implementation deed has therefore been satisfied.
Dye & Durham is continuing to assess the impact of the
conditions by which the UK's Financial Conduct Authority is willing
to approve the Company's proposed acquisition of Link Group, and
will continue to provide updates on the proposed acquisition when
it is legally required or otherwise appropriate to do so.
About Dye & Durham
Dye & Durham Limited is a leading provider of cloud–based
software and technology solutions designed to improve efficiency
and increase productivity for legal and business professionals. Dye
& Durham provides critical information services and workflows,
which clients use to manage their process, information and
regulatory requirements. The Company has operations in Canada, the United
Kingdom, Ireland and
Australia, and has a strong
blue-chip customer base that includes law firms, financial service
institutions, and government organizations.
Additional information can be found at www.dyedurham.com
Forward-looking Statements
This press release may contain forward-looking information within
the meaning of applicable securities laws, which reflects the
Company's current expectations regarding future events, including
statements relating to the timing of the proposed acquisition. In
some cases, but not necessarily in all cases, forward-looking
statements can be identified by the use of forward looking
terminology such as "plans", "targets", "expects" or "does not
expect", "is expected", "an opportunity exists", "is positioned",
"estimates", "intends", "assumes", "anticipates" or "does not
anticipate" or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might", "will" or "will be taken", "occur" or "be
achieved". In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances contain forward-looking statements. Forward-looking
statements are not historical facts, nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding future
events and operating performance.
Such forward-looking information is necessarily based on a
number of opinions, estimates and assumptions. Forward-looking
information is also subject to a number of risks and uncertainties,
many of which are beyond the Company's control, which could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the risk
associated with the Company's and Link Group's ability to obtain
the approvals that are required to consummate the proposed
transaction, the ability of the Company to satisfy any conditions
imposed on it in connection therewith and the timing of the closing
of the proposed transaction, including the risk that the conditions
to the transaction are not satisfied on a timely basis or at all
and the failure of the transaction to close for any other reason;
the risk that a consent or authorization that may be required for
the proposed transaction is not obtained or is obtained subject to
conditions that are not anticipated or capable of being satisfied,
or that otherwise negatively impact the proposed acquisition or the
Company; the outcome of any legal proceedings that may be
instituted against the parties and others related to the
acquisition agreement; unanticipated difficulties or expenditures
relating to the transaction, the response of business partners and
retention as a result of the announcement and pendency of the
transaction; the Company being unable to realize expected
synergies; and the diversion of management time on
transaction-related issues, as well as the factors discussed under
"Risk Factors" in the Company's most recent annual information
form. If any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying the forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in the forward-looking
information. Accordingly, investors should not place undue reliance
on forward-looking information, which speaks only as of the date
made. The forward-looking information contained in this news
release represents the Company's expectations as of the date of
this news release, and are subject to change after such date. The
Company disclaims any intention or obligation or undertaking to
update or revise any forward-looking information whether as a
result of new information, future events or otherwise, except as
expressly required under applicable law.
SOURCE Dye & Durham Limited